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February 15, 2023
Question

AR in foreign currency

  • February 15, 2023
  • 1 reply
  • 0 views

Hello, I can't add AR in foreign currency. Could you help me with that?

1 reply

February 15, 2023

Hello there. Welcome to the Community.

 

Let me help you sort things out about adding A/R in foreign currency with QuickBooks Online (QBO), so you can keep track of transactions accordingly.

 

In QBO, you're only allowed to associate different currencies when creating the Other Current Assets, Bank, Fixed Assets, Other Assets, Credit Card, Other Current Liabilities, and Long-Term Liabilities accounts.

 

However, the system will automatically create an A/R account depending on the currency associated with your customer. For example, when you create an invoice for a customer with GBP currency, an A/R account will show on your Chart of Accounts with GBP currency.

 

To learn more about using Multicurrency in QBO, please see this article: Set up and use multicurrency in QuickBooks Online.

 

Also, you may want to visit one of our Help pages as your reference to guide you in managing your business growth and transactions in QBO: QuickBooks Learn and Support. It includes help articles, Community discussions with other users, and video tutorials, to name a few.

 

Please feel free to leave a comment below if you have other concerns about managing foreign currency transactions in QBO. I'm always ready to help. Take care.